Can't Sell The Home? Carefully Consider Before You Rent.

As the market has resulted in additional homes on the market and slower sales I've seen a significant number of homeowners turning to rental to pay their mortgage and ensure that someone is paying their utilities and keeping the vacant home from being stripped for copper. 

Carefully evaluate the tax planning needs if you begin to rent your home, plus contact someone to assist you in compliance with a local lease that is valid, credit screening, and evaluating tenants.  I have over 9 years working in this area and can assist you for a relatively minimal fee if you choose.  Unfortunately, I've handled several cases lately where tenants were not properly screened and resulted in losses of over $8,000 before the owner was back in possession.  A good initial primer of the rental evaluation can be found in this article

Tags: Attorney, Christopher Sevick, Estate Plan, Real Estate, Trust, Will, Ypsilanti, www.SevickLaw.com, Ann Arbor, www.MIEstatePlanBlog.com, www.MIRealEstateBlog.com, Washtenaw, Michigan

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